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Markets improving some good news
Today the FTSE 100 is up more than 2% and is now above its level for all of June save referendum day.
The FTSE 250 - a better barometer of British business health - is up nearly 2%, though still significantly lower than it was on referendum day, its highest for the year, when many market participants believed Remain would win on 23 June. Government borrowing costs are falling. And sterling has stabilised. http://www.bbc.co.uk/news/business-36665685 According to the beeb the markets are starting to improve. I thought it would be nice to share some good news for a change. |
Very welcome
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Also saw this which is also good news.
The claim: The damage done to the economy has already been many times the value of the UK's contribution to the EU Budget. Reality Check verdict: There may already have been an impact on the economy or the public finances but we do not yet have data showing that. The indicative cost of borrowing for the government has actually fallen. |
Yes, it is a bit of good news. We will just have to wait and see. I'm glad there was no rush to make our leaving official, that would have given the markets a fright.
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Gold also went up 20% didn't it soon after the EU result came in.:thumbs:
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My niece also got a job! Who'd a thought jobs are still being created in all this end of the world doom and gloom stuff.
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Stirling has gone downhill
Since the move to Manchester City. |
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:laugh: football player |
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Good news but the upturn will only be temporary. I imagine it'll tank again as we get closer to the actual leave date.
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How Nice |
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Yes Dezzy when we Bolt our Door. It will be Tougher. I am Glad you are ready. I do hope you will able to shop at AsdaWalmart by then - using their special USA connection to stay cheaper. I am sure longer times ahead we will be a Even Better England |
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You Lucky Begger |
The markets will settle as long as there is continuity, it is now as secure as it can be, that this Article 50, if it ever gets activated, is not likely to be done until late this year or even not until next year.
The instant action expected has not come about because none of the leave leaders, had any idea how to go about this and had no plan to execute immediately. Sterling has suffered but it is now clear that it will be years before we are out the EU now. Also the Bank of England has made available £250billion to help the economy and to stave off any banking crisis. That gives assurances that short term nothing is to change, so of course that will be reflected in the markets. Wait until the deals are being negotiated and what hiccups or obstacles then may need to be got over, that is f they can, that is when the real test comes not now, as at this point, nothing has changed other than the vote. One Swallow does not make a Summer, there is a very long and tricky, obstacle filled road to go down yet, when and if Article 50 is triggered. |
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Yes Joey It will be Tough But we can take it. Do your Parents Advise you , more now. Are you a Lawyer? as we need more EU Lawyers to asist in the Civil Service |
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Yes I am. No I do not want to do any work with the civil service thank you. That all looks like an absolute mountain of work to get through and all extremely time consuming too. |
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Great I will contact Head Office and Ensure you get Higher Pay as you are at a Higher level |
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I am happy as I am, thank you anyway. |
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OK I will Contact them again and Double Your PAY |
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